With interest rates near two-decade highs, it is no wonder that homebuyers want to cut corners. Some strategies are risky—especially for sellers https://t.co/oDC3WVM3xs ...

Market Performance - The S&P 500 reached a record closing high of 6309, up from 6305 the previous day [1] - The Dow increased by 179 points (+0.40%), while the Nasdaq decreased by 81 points (-0.39%) [1] - The small-cap Russell 2000 led the major indexes with a gain of 17 points (+0.79%) [1] Homebuilders Sector - Homebuilders had a strong trading day, with D.R. Horton (DHI) and Pulte Home (PHM) exceeding earnings expectations [2] - DHI's gross margins were better than anticipated, leading to a share price increase of +16.8% [2] - Pulte reported an increase in new orders, resulting in an +11.8% rise in shares [2] - The iShares Home Construction ETF (ITB) advanced by +7.88% [2] Interest Rate Expectations - Improved market sentiment is linked to expectations of a potential decrease in interest rates by the Federal Reserve [3] - High interest rates have kept mortgage rates elevated, limiting entry-level homebuyers' market access [3] - Current expectations suggest that high mortgage rates may soon decline [3] Earnings Reports - Texas Instruments (TXN) reported Q2 earnings of $1.41 per share, exceeding the Zacks consensus by 9 cents, with revenues of $4.45 billion surpassing expectations of $4.31 billion [4] - Despite the strong quarterly performance, Texas Instruments shares fell by -7% in late trading [4] - Capital One Financial (COF) reported earnings of $5.48 per share, significantly above the anticipated $3.83, with revenues of $12.49 billion exceeding expectations of $12.22 billion [5] - Capital One's shares rose by +1.5% following the earnings announcement [5] Upcoming Economic Indicators - Existing Home Sales for June are projected to slightly decrease to 4.0 million seasonally adjusted, annualized units, marking a return to levels not seen since October of the previous year [6] - The Northeast region experienced the fastest growth in the previous report, with an increase of +4.2% [6] Anticipated Earnings Reports - A significant number of earnings reports are expected, including major companies such as Alphabet (GOOGL) and Tesla (TSLA), along with IBM, Chipotle, Southwest Airlines, ServiceNow, and Las Vegas Sands [7]

Secretary Scott Besson seemingly showing some support for Fed Chair Jay Powell, saying in a Fox Business interview that he does not see a reason for Powell to step down right now and that he should serve his full term through May. This follows Besson's comments yesterday suggesting the entire Federal Reserve should be examined. Powell resigning.I don't see how that would do anything to safeguard the institutions independence. I don't think Powell is going to leave uh the Fed before his term is up. What I wo ...

What exactly about the job that Jay Powell has done is not up to measure. The labor market is holding up well. Inflation has not reared its ugly head.I mean, it's above the 2% target, but it hasn't blown up just yet. Where do you see the economy failing under his leadership. It's great to be with you.If you look at Jay Powell, his tenure, I mean, we do have to remember that it was under his watch that we saw a 40 year high inflation. They were way too late to recognizing the inherently inflationary impact o ...

So Jack, um, real short-term tactical stuff here. You did see this fade in the indexes here. We're at highs, you know, for for the major indexes.The atmospheric conditions seem pretty favorable here. What's your read on on what we're seeing. Yeah, I mean, I think right now it's a pretty quiet data, pretty quiet week from a data perspective.There aren't a lot of policy headlines hitting us, at least not expected to this week. You know, all markets can really focus in on is this earning season. And the earnin ...

Interest rates on Argentine peso notes are soaring across the board, piling pressure on banks amid a liquidity crunch caused by government efforts to defend the local currency https://t.co/UoH6j8hoqy ...

President Trump on Tuesday reiterated his criticism of Jerome Powell, saying the Fed chair is "probably" keeping rates high for political reasons https://t.co/zqYangmPh3 https://t.co/6KNEYTYmHd ...

BREAKING:🇺🇸 PRESIDENT TRUMP SAYS FED CHAIR POWELL IS KEEPING INTEREST RATES HIGH FOR POLITICAL REASONS. https://t.co/rFEYA7OZEb ...

Market Trends - Blackstone is seeking the largest loan secured against an office building in Europe since interest rates spiked in 2022 [1] - The loan serves as a test for the nascent recovery taking hold of the continent's commercial property markets [1]

Bank of Japan officials see little need to shift their policy stance of gradually raising interest rates in the wake of Prime Minister Shigeru Ishiba’s latest election setback, according to people familiar with the matter https://t.co/s3AyQQG3na ...